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Intellectual people
Although the Government has introduced many policies to guide and promote the equity of SOEs, so far, many “great men” of SOEs have “flooded” the progress of their actions.
Many reasons are given, especially the role and responsibility of the director. In addition, the problems in the valuation of assets and especially the lack of determination of the ministries, management agencies … are also the causes of the slowness of equitization.
Why is the company slowly becoming equitable, while this is the requirement and task of qualitative transformation of the State?
According to the report of the Ministry of Finance, the progress of business riding is still very slow. From 2016 to July 2020, there are around 177 companies approved by the competent authorities for equitization plans. However, only 37/128 companies were on the homologation list under the leadership of the Prime Minister.
The number of listed companies only reached 28% of the plan. From now until the end of the year, there will be 91 companies subject to portfolio equity. Specifically, Vietnam Post and Telecommunication Group (VNPT), Mobifone, Agribank, Vietnam Chemical Group, Vinacomin, Vinafood 1 … have not yet completed the approval of the land use plan in order to make the determination. Company value.
Currently, several management ministries, such as the Ministry of Industry and Commerce and the Ministry of Construction, must divest their capital in 8/11 public limited companies; Meanwhile, the city of Hanoi had to divest 31/34 companies.
In a report to the Prime Minister in August 2020, the Finance Ministry stated that the subjective issues leading to slow equitization are some ministries, sectors, localities, economic groups, state corporations and State enterprises are not serious and drastic in the direction and execution; not actively follow their competition or advise or propose that problems and deficiencies be eliminated.
“There is a phenomenon of not daring to do, of not daring to take responsibility, invoking difficulties and problems to delay or not implement, which greatly affects the advance of equity and divestment,” emphasized the Ministry of Finance.
Expert Nguyen Dinh Cung, former director of the Central Institute of Economic Management, said that economic reform must be associated with the institution of public administration and the management apparatus. For a long time, Vietnam has mainly focused on reforming administrative procedures, cutting the business environment, improving competitiveness … However, this is only the tip of the problem.
According to an ICES expert, the reform and restructuring should change the management apparatus, change the allocation of resources, evaluate the economic efficiency of the state in a comprehensive manner, change people, roads due to the effectiveness of policies. .
TS. Nguyen Dinh Cung said that it is necessary to change the way of doing, doing and the equitization policy so as not to have to issue many regulations and guidelines, but in the end, year after year, equitization continues to have problems. blocked.
Furthermore, according to Mr. Cung, the issue related to equity is determining business value. Many SOEs have leased assets and non-accounting assets that make it difficult to manage and liquidate the riding, they have to apply for many different levels, leading to lengthy processing.
Economic expert Pham Chi Lan commented that the state business sector inherits many advantages in terms of land resources, mechanism and market. With their strengths, they must develop quickly and lead the way, but many companies are still the place to do their jobs, even incurring losses and debts to the state.
During the transition period, leaders must boldly change the model, in order to move towards a stronger state-owned company that leads innovation. However, many entrepreneurs and business leaders use this reason to delay divestment and horse riding. This responsibility corresponds to the leaders and representatives of the state capital in the companies.
“In many places, companies are homologated, but in fact they only sell very small capital, basically the state capital in the company is still very large. The apparatus only changes a little, but the management skills remain the same. The same religion is still very difficult to change and transform in quality. Meanwhile, the market reality requires new thinking, making new methods more efficient and methodical, “said expert Pham Chi Lan.
According to an expert from the Ministry of Finance, the sale of capital and the equity of each company or corporation has different characteristics and characteristics. For this reason, many leaders are afraid of being wrong, afraid of doing so they depend on mechanisms and policies, both at the same time as to protect themselves.
Therefore, to speed up the homologation process, it is necessary to attribute the responsibility of the leader, provide a mechanism and a policy to sanction and reward. It is necessary to have new experiments and forms of equity, both protecting the assets of the State and obtaining the greatest benefit from the budget.
Nguyen tuyen
